House of the Day: 407 Vanderbilt Avenue
While everyone else has been at the beach, Mr. Minsky was teeing up his latest townhouse listing, a three-story converted carriage house at 407 Vanderbilt Avenue on the Clinton Hill-Fort Greene border. It looks to us like the interior was completely gutted and renovated from scratch. We’re not particularly partial to nouveau traditional stylings (it…
While everyone else has been at the beach, Mr. Minsky was teeing up his latest townhouse listing, a three-story converted carriage house at 407 Vanderbilt Avenue on the Clinton Hill-Fort Greene border. It looks to us like the interior was completely gutted and renovated from scratch. We’re not particularly partial to nouveau traditional stylings (it feels kinda suburban to us) but the quality is probably decent and this is quite a large place (PropertyShark puts the square footage at 6,500). Nonetheless, the asking price of $3,500,000 seems aggressive. After all, it took the Pfizer mansion at 280 Washington Avenue a couple years to sell and it ultimately fetched only about $3,200,000. And that was back when you could get a decent jumbo mortgage.
407 Vanderbilt Avenue [Corcoran] GMAP P*Shark
Hey 3:06pm, Did Jerry offer to buy you candy to make that comment? It what way exactly is this one of “the most beautiful buildings I have ever seen in the US”?! HUGELY over-priced for the location, regardless of the size. Still, all you FG/CH denizens had better be thankful to the Minsky man for the currently vastly inflated values of your homes. That is, unless you bought in the last 3-4 years — in which case negative equity is coming your way!
I love the arched windows, too – best feature of the house, if the pictures are any indication.
Price is rather steep, but someone will fall in love with it, someone who has deep pockets and wants a cool pad that’s different from everything else. They may pay less than this, but not significantly. This is one of those places that doesn’t fit well into trends. Maybe a European, or an entertainment type person.
Re 2:16 – I don’t think every high rise building or series of buildings is a “housing project” – middle income or not. By that broad definition, Stuyvesant Town and Peter Cooper Village are “projects”. They would stridently object, as would the people on Vanderbilt.
Isn’t it ironic that a “Minsky Monment” is defined as “the point where credit supply starts to dry up, systemic risk emerges and the central bank is obliged to intervene”
http://www.ft.com/cms/s/ddb7842c-50c2-11dc-86e2-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2Fddb7842c-50c2-11dc-86e2-0000779fd2ac.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fus
Sorry B38 is on lafayette, 52 on greene, and 25 on gates or fulton. and BLHS is diagonally across the st.
The B69 goes right by this place. and it is LOUD.
Not to mention atlantic yards.
Personally, I hope that they get their price — if they do I’ll tell my parents to sell their 25’er for 3 and move to jersey where they can buy the same thing for 600k.
I will take some photos over the weekend and post them here if anyone is curious…
The listing says it is a four story house but because we do not have an up to date exterior shot, we do not know what exterior atrocities may have been committed.
Gosh, that is one of the most beautiful buildings I have ever seen in the US. Worth a bike ride over there. Thanks for the posting.
B69 bus goes down Vanderbilt. if it’s a new construction that looks this good, maybe they think that justifies the price?
6 bathrooms? Why does a 3 bedroom house need 6 bathrooms? Somebody please explain this to me.